๐ IPO GMP News: Uniqueommerce IPO by Snapdeal and Softbank to open on 6th August ๐
๐ Important Dates: Investors will have the opportunity to invest in this IPO until 8th August. The IPO will be open for one day on 5th August. The company has reduced the size of the offer for sale from 2.98 crore shares to 2.56 crore shares. No new shares will be issued under this IPO, meaning the company will not receive any funding. The listing of the company’s shares is scheduled for 13th August.
๐ฐ Investment Details: Snapdeal plans to sell 94.38 lakh shares, while Softbank is preparing to sell 1.61 crore shares. B2 Capital Partners, investors associated with Snapdeal’s founders Kunal Bahl and Rohit Bansal, have canceled their plan to sell 22.1 lakh shares in the IPO.
๐น Financial Performance: In the financial year 2024, Uniqueommerce’s revenue increased by 15.5% to โน104 crore. Net profit more than doubled to โน13 crore. According to the Red Herring Prospectus, the company reported a total margin of 78.52% in financial year 2024.
๐ผ Company Expenses: The highest expense for the company is employee costs, amounting to โน65 crore. This expenditure decreased from 67% in FY23 to 63% in FY24. The number of orders processed by Uniqueommerce increased from 5.65 crore in FY23 to 772 million in FY24.
๐ข Company Overview: Founded in 2012 in Gurugram, Uniqueommerce was acquired by Snapdeal in 2015. The company provides end-to-end management of e-commerce operations through a wide suite of SaaS-based technology products for D2C brands, retail sellers, and other online retailers. Enterprise clients contribute a significant portion of Uniqueommerce’s revenue, with 87.76% of revenue coming from enterprise customers in FY24.
โ ๏ธ Disclaimer: Investment in mutual funds and the stock market is subject to risks. Before investing in the stock market, be sure to consult with your financial advisor. Hindi.Maharashtranama.com will not be responsible for any financial losses.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
